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KEC signs two land lease agreements

KEC signs two land lease agreements

Muscat: Khazaen Economic City (KEC) (the main developer of the first integrated economic city in the north of the Sultanate) signed the two usufruct (land lease) agreements for foreign investors to set up two industrial projects in the industrial zone in Khazaen Economic City.

Khalid bin Awad Al Balushi, CEO of KEC, and the general managers of the owners of the two industrial projects signed the two agreements.

Al Balushi said that signing these agreements as an investment in the city is an important step to open the commercial city and the official announcement that it is ready to attract investors, businessmen, activities and projects locally or abroad.

He said in a statement to Oman News Agency (ONA) that a big step has been taken to prepare the city to attract local and foreign investors through financial and technical studies, noting that in the coming weeks 10 major investment agreements will be signed.